Here is my latest review of key macro and micro indicators for the United States.

1. KEY PERFORMANCE
INDICATORS FOR THE
UNITED STATES –
OCTOBER 2021 AND
SEPTEMBER 2021
Paul Young CPA CGA
November 30, 2021

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• KPI (Macro and Micro Indicators – February 2021 and January 2021
• USA GDP
• Analysis of Durable Goods
• Retail Sales / USA
• CPI – Inflation
• USA Employment – February 2021
• Merchandise Trade / January 2021
• Stock Market – February 2021
• Wage Growth Analysis / January 2021
• Housing Market – USA
• Fiscal Update / CBO
• USA Border / Texas

4. KEY MACRO AND MICRO INDICATORS
FOR THE UNITED STATES

5. SEPTEMBER 2021 – GDP
USA GDP -
3Q201.pdf

6. USA GDP
Source - https://www.bea.gov/news/2021/gross-domestic-product-state-4th-
quarter-2020-and-annual-2020-preliminary

7. USA GDP
Source -
https://www.bea.gov/n
ews/2021/gross-
domestic-product-
state-4th-quarter-
2020-and-annual-
2020-preliminary

8. DURABLE GOODS / USA – OCTOBER 2021
Blog – United States Durable Goods for October 2021 - https://www.slideshare.net/paulyoungcga/durable-goods-and-capital-spending-
usa-and-the-world-october-2021
Firstly, U.S. durable goods unexpectedly fell for the second straight month, down 0.5% in October. A nice rebound in
motor vehicle and parts was not enough to offset the drop in aircraft bookings. Excluding transportation, however, orders
climbed 0.5%. Although machinery fell from record highs (-0.5%), metals climbed 1.7% to the highest level in nearly a
decade.
Core capital goods orders, which exclude aircraft and military hardware, rose by a greater-than-expected 0.6%
following an upwardly revised 1.3%. That’s a good start to Q4 business spending and suggest factory output should hum
nicely into 2022.
Source - https://economics.bmo.com/en/publications/detail/23b9d025-4dae-4467-9fea-ea97de342d4d/

9. USA VS CANADA – RETAIL SALES
Source -
https://economics.bmo.com/en/publications/detail/d5490
27c-a787-4bba-a12b-e7a9efc33e2d/
Source -
https://economics.bmo.com/en/public
ations/detail/6c1cd1e4-d597-4b69-
92d9-ab8a11be8101/

10. CONSUMER PRICE INDEX

11. USA EMPLOYMENT – OCTOBER 2021
Blog – Employment – United States – October 2021 - https://www.slideshare.net/paulyoungcga/employment-and-labour-market-the-
united-states-october-2021
Total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by
0.2 percentage point to 4.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was
widespread, with notable job gains in leisure and hospitality, in professional and business services, in
manufacturing, and in transportation and warehousing. Employment in public education declined over the month.

12. MERCHANDISE TRADE / SEPTEMBER 2021
NOVEMBER 4, 2021 — The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that
the goods and services deficit was $80.9 billion in September, up $8.1 billion from $72.8 billion in August,
revised.
https://www.slideshare.net/paulyoungcga/merchandise-tradethe-united-states-september-2021
USA has either introduced or is looking at introducing more protectionism in areas like softwood lumber -
https://www.builderonline.com/money/prices/nahb-and-nlbmda-condemn-action-to-double-tariffs-on-canadian-lumber_o
or electrical vehicle tax credits - https://www.stltoday.com/opinion/mailbag/letter-electric-vehicle-tax-credit-punishes-
nonunion-makers/article_62167ba6-c6aa-51ca-8e80-a7dcce374da3.html or content rules -
https://canada.autonews.com/trade-and-tariffs/trudeau-weighs-auto-content-rules-next-us-trade-flashpoint

13. STOCK MARKET – NOVEMBER 26, 2021
Blog – Stock Market – WE – November 26, 2021 - https://www.slideshare.net/paulyoungcga/what-is-up-with-stock-
marklet-november-26-2021
U.S. stocks plunged on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which
fanned concerns that new growth-crushing lockdowns could be imposed if the variant spreads widely.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html

14. HOUSING / UNITED STATES
https://fred.stlouisfed.org/series/MSPUS

15. FISCAL UPDATE / CBO - USA
Source - https://www.cbo.gov/publication/57031
Blog – Fiscal Management Cycle – The
United States – Governance and Oversight
Model
USA annual deficit for FY2021 came under
$3 trillion dollars.
https://www.slideshare.net/paulyoungcga/
fiscal-management-public-sector-united-
states-250438088

16. USA BORDER
Source - https://www.cbp.gov/newsroom/stats/cbp-enforcement-
statistics
Source -
https://www.cbp.gov/newsroom/stats/southw
est-land-border-encounters

17. WHAT’S NEXT
• Ability of the United States along with other countries to roll out vaccinations as part of re-opening their
economy will be key over the next few months - https://www.slideshare.net/paulyoungcga/geopolitical-events-
vaccines-distribution-canada-march-20-2021
• All levels of government need to ensure their crisis/risk management reports are audited every year as part of
safeguarding assets from geopolitical events - https://www.slideshare.net/paulyoungcga/why-there-needs-to-
be-audited-reports-of-crisis-emergency-management-policies-and-procedures
• United States like many countries needs to review its policies related to the circular economy -
https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
• Aligning education with jobs of today and tomorrow will be key to supporting short-term and long-term
economic growth - https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-
analysis-and-commentary-february-2021
• Reforming global trade through modernization of WTO will be key part of reducing protectionism policies -
https://www.slideshare.net/paulyoungcga/merchandise-trade-usa-january-2021
• There needs to be global discussion on how best to reform both domestic and the global economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-march-2021

18. OTHER
SOURCES
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and,
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA CGA

19. OTHER SOURCES
• You can additional information on USA via my SlideShare account -
https://www.slideshare.net/paulyoungcga